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78.0¢ avz minerals limited

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unknownshadow

1,431 Posts.

541

16/04/18

16:19

Post #: 32486548
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Originally posted by Freehold ↑

Interesting what the release of a maiden JORC figure can do for even a stock with a just a moderately large and highish grade resource. In the 1st few hours after CLA announced their maiden Cobalt JORC reserve the share price has shot up +30% (at time of writing) and could prob go more over coming days. Now what can AVZ holders expect when AVZ announce their maiden JORC which is quite likely to make it the a high grade deposit and largest hard rock lithium JORC by tonnage. Similar if not better response I would expect. Why ? Its because the deposit will have been become a little more derisked/certain. Expect similar price moves when other key project milestones are met such as successful studies eg, like Definitive Feasibility study, subsequent increase in Jorc, and offtake agreements with customers such as Chinese buyers etc

According to last quarterly AVZ maiden JORC due before the end of this quarter (late June).

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CLA was a steal when I bought it late last year at $0.09. (small parcel)
AVZ is still steal at current price levels.

AVZ Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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